The Conference Board Leading Economic Index® (LEI) for Spain increased 0.3 percent in January to 102.1 (2010 = 100), following a 0.3 percent increase in December, and a 0.6 percent increase in November.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, increased 0.1 percent in January to 94.8 (2010 = 100), following a 0.1 percent increase in January, and a 0.2 percent increase in November.
The LEI has increased for five consecutive months, although its six-month growth rate remains unchanged compared to the first half of 2014. Meanwhile, the CEI continued to increase moderately, but its six-month growth rate has slowed. Taken together, the recent behavior of the composite indexes suggests that economic activity will likely continue to advance at the current pace in the near term.